Southeast Europe / Data

Turkey ‘heading for three-digit inflation’

Akin Nazli in Belgrade January 3, 2022

Official end-of-year measure shows 36% but unofficial assessment calculates 83% amid country’s economic crisis.

Moldova's current account gap doubles y/y to 12% of GDP at end-September

bne IntelliNews January 2, 2022

Strong increase in current account gap even compared to pre-pandemic period.

Slovenia’s inflation accelerates further to 4.9% y/y in December

bne IntelliNews January 1, 2022

The biggest contribution to inflation in December came from the sharp rise in fuel prices.

Kosovo posts strong economic growth of 14.53% y/y in 3Q21

bne IntelliNews December 28, 2021

Rebound in retail and hospitality sectors drives robust growth in Q3 as IMF forecasts 7-8% GDP expansion for full year.

Moldova’s foreign trade gap widens by 26% in 12 months to October

bne IntelliNews December 17, 2021

Compared to two years ago, before the pandemic, exports were down 0.4% and imports up 9.9%.

Moldova’s GDP up 8.3% y/y in Q3

bne IntelliNews December 16, 2021

Economic growth in Q3 was mainly influenced by the strong performance of the agriculture sector.

Montenegro’s economy posts strong 25.8% y/y growth in 3Q21

bne IntelliNews December 15, 2021

Montenegro's economy is now recovering from the deepest contraction across emerging Europe last year.

Bulgaria prepares to freeze utility prices as inflation reaches 10-year high

Denitsa Koseva in Sofia December 15, 2021

Bulgaria’s consumer prices increased by 7.3% y/y in November, accelerating from 6% a month earlier.

Romania’s current account deficit hits 6.9% of GDP in 12 months to October

Iulian Ernst in Bucharest December 15, 2021

Deficit widens from 4.7% in the 12 months to October 2020 and 5.0% in the period to October 2019.

National Bank of Serbia expects inflation to peak in late 2021 and early 2022

bne IntelliNews December 14, 2021

Annual inflation reached 7.5% in November, mainly driven by higher food and energy prices.

Romania’s industrial production falls again after post-COVID recovery

bne IntelliNews December 14, 2021

Contractions in the automobile industry and oil refining were mainly responsible for the decline in overall production.

Inflation inches down in Romania as government caps energy prices

bne IntelliNews December 14, 2021

After the government enforced the ‘cap and subsidy’ mechanism for residential energy prices, the price of electricity dropped by 12.2% m/m in November.

Romania’s trade deficit hits 9.7% of GDP in 12 months to October

Iulian Ernst in Bucharest December 13, 2021

The annual growth rates for Romania’s exports, imports and trade gap are slightly above the medium-term trends as global trade is recovering from the slowdown last year.

Gas price hike sends Moldova’s inflation up to 12.4% in November

Iulian Ernst in Bucharest December 13, 2021

Moldova's central bank has raised the refinancing rate four times this year in an attempt to hold back soaring inflation.

Romania’s public debt to GDP ratio edged up by only 1.1pp in January-September

Iulian Ernst in Bucharest December 9, 2021

Political turmoil this autumn prevented the executive from tapping foreign markets as planned.

Romania’s GDP up 7.4% y/y in Q3 helped by robust harvest

Iulian Ernst in Bucharest December 8, 2021

Romania’s economic growth eased to 7.4% y/y in the third quarter of the year from 13.9% y/y in Q2, with agriculture the main growth driver.

Labour demand increases further in Croatia in November

bne IntelliNews December 6, 2021

Labour demand in November exceeding its 2019 and 2020 levels as the Croatian economy recovers.

Private consumption’s post-COVID recovery comes to an end in Romania

Iulian Ernst in Bucharest December 6, 2021

The annual growth rate of Romania's retail sales index eased to 4.0% y/y in October from 6.8% y/y in September.

Romania’s industrial prices surge by 26.8% y/y in October

bne IntelliNews December 3, 2021

High energy costs were behind rise in industrial prices, which in turn are pushing up consumer prices.

Turkish manufacturers raised selling prices at sharpest pace on record shows November PMI

bne IntelIiNews December 1, 2021

Companies need to see some stabilisation in the lira, says IHS Markit economics director.